PostFinance has expanded its cryptocurrency offerings by incorporating Ripple’s XRP into its trading platform, leveraging Sygnum’s B2B platform. This move underscores PostFinance’s commitment to leading in digital asset trading, marking over a year since its initial foray into the crypto market.
In a recent announcement on July 1, 2024, PostFinance declared the addition of Avalanche, Cardano, Polkadot, Ripple, and Solana to its roster of tradable and custody-held cryptocurrencies. This expansion follows their strategic partnership with Sygnum Bank and their entry into digital asset trading in August 2023, facilitated by Sygnum’s robust B2B banking infrastructure. Initially offering prominent cryptocurrencies like Ethereum and Bitcoin, PostFinance later diversified its portfolio in February by adding eleven more digital assets.
Ripple, the entity behind XRP, achieved a significant milestone with approval for international transactions in Dubai, as reported earlier by CNF. This regulatory clearance marks a pivotal step in Ripple’s global expansion strategy, expected to bolster its market presence and fortify its position. According to data from CoinMarketCap, XRP is currently priced at $0.4849, reflecting a 0.61% increase in the past 24 hours and a bullish trend of 2.14% over the past week.
PostFinance’s proactive stance in expanding its cryptocurrency offerings and Ripple’s regulatory advancements in Dubai highlight notable developments in the digital asset landscape, setting the stage for further growth and innovation in the sector.